Emobile Tech (EMTK)

[mastaflash]

From the recent CC, CEO Phil Barber states:

"The Company recently increased its authorized shares because it was maxed out on authorized and outstanding shares as a result of the 4-for-1 split of last September and needed to do fundraising; some Rule 144, some 504. The details will be revealed in the quarterly filing with Pinksheets.com, exactly as the Company is bound to do. The Company is in a critical time and the Board decided that the increased dilution was necessary and warranted to generate the capital needed to fund the Company’s business plan. Even so, only a fraction of the increased authorization has been issued in support of the fundraising. The Company currently has no plans for the remaining authorization. But when you file to increase your authorized shares it is best to get more than you need. You don’t want to keep having to go back and re-authorize over and over. Pretty typical transaction."

I expect revenue stream to begin within the next 3-6 months. Hope fully little or no further dilution will be needed.

For full transcript:

http://www.rftune.com/news/EMobileInvestorTeleconferenceTranscriptApril5FINAL.pdf

Head over to HSM to view more DD on EMTK if your interest is tweaked.

http://www.hotstockmarket.com/board/cgi-bin/yabb/YaBB.pl?board=Stockstips;action=display;num=1110856...

masta